Tech-active · St. John's, NL

Pelorus Venture Capital

Newfoundland and Labrador's pre-seed venture manager

← All investors in Canada
Cheque
$250k to $500k
Role
Can lead a round
Pace
Selective right now
Kind
Tech-active
Based in
St. John's, NL
Founded
2015
Works in
EN
Last deal seen
November 2025
Stages
Pre-seed, Seed
Sectors
Generalist

Their thesis, in full

Pelorus Venture Capital is a St. John's firm that manages the Venture Newfoundland and Labrador funds (VNL I, II and III), the province's core early-stage vehicle since 2015. It makes Pre-seed and Seed investments in local technology founders, typically $250k to $500k initially, with reserves for follow-on. VNL I returned $1.50 for every $1 invested; VNL III launched in 2026 with $20M secured ($15M from the province, $5M from Klister Credit Corp) toward a $50M target. Portfolio includes CoLab, Spellbook, Sequence Bio and Mantle.

What they bring past the cheque

  • Newfoundland and Labrador's anchor early-stage capital
  • Strong fund track record (1.5x on VNL I)
  • Pre-seed entry with follow-on reserves
  • Local syndicate with BDC and Killick

Who to talk to

Portfolio

Names they back, most notable first.

  • CoLabSeries C · 2025
  • SpellbookSeries B · 2025

Often in the same rounds

Investors seen alongside them in past rounds.

Similar investors

Overlapping sectors and stages. Useful to build a list of 10 to 20 names for one round.

See how they fit your round

Set your stage, sector and amount once. Fractal App tells you if Pelorus Venture Capital can lead it, tracks every follow-up, and counts the days of silence. Free, no card.

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Checked October 2026 from public sources. source ↗ · Website ↗ · LinkedIn ↗